ACCASBO JIF · 2019. 12. 17. · Total Incurred Value: $122,198. Income. Total Incurred Value:...

ACCASBO J IF22nd ANNUALSTATE OF THE JIF DINNERDecember 3, 2019

ACCASBO JIFAtlantic & Cape May Counties Association of School Business Officials Joint Insurance Fund

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Board MembersAdministrators

Other District EmployeesVendor Partners

John Hansen, ACCASBO JIF Vice ChairBusiness Administrator,

Lower Township

Opening Remarks

Craig A. WilkieExecutive DirectorSPELL, ACCASBO, BCIP and GCSSD JIFs

Former Role:Business Administrator/Board SecretaryBurlington City Board of Education

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Single MissionReduce the Cost of

Insurance by Building Programs to Help

Districts Avoid Claims

Savings for YouEvery Dollar

Not Spent on Claims Means More Money for

Education

Tonight's Mission: Inform and Celebrate

Mission

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Clever Partnership

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Commitment Collaboration

Only School Districts

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• 25 School Districts• In Four Counties• Unique Issues Specific to Schools• Opportunity to Manage Risk Collectively• JIF Owner/Member of SPELL• 86 School Districts in SPELL

Ownership

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You Are the Decision Makers

You Control BudgetYou Make Membership DecisionsYou Decide What Programs Work Best

You Create and Oversee Committees

Programs That Work

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• Comprehensive Safety Training (In District and Online)

• Safety Incentive Program• Mold Seminar• Cyber Security Symposium• Boiler Operator Training• Annual Joint Retreat

– Thriving in a Complex World– Workers’ Comp– Employment Law– Third Party Management

Partner Vendors

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• Actuary• Auditor• Claim Administrators• Defense Panel• Executive Director

• JIF Attorney• Managed Care• Medical Panel• Risk Management

Consultants• Safety Professionals

Thank You JIF Professionals!

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• The Actuarial Advantage, Actuary• Bowman and Company LLP, Auditor• Hardenbergh Insurance Group, Student

Accident Administrator• Louis Greco, Esquire, JIF Solicitor• Qual-Lynx, Managed Care Provider/Claims TPA• Risk Assessment Services, Safety Director• Risk Program Administrators, JIF Administrator

Sponsor of This Evening's Cocktails

The Glue That Binds

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Manage More Than Finance and Operations

SCHOOL BUSINESS ADMINISTRATORS:

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District Risk Management Leaders

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WHYDO

WE DO THIS?

Total Incurred Value: $122,198

Income


Claimant was throwing wet ceiling tiles into a dumpster and felt pain in lower back.

Claimant slipped and fell onto right shoulder while polishing

floor with stripper fluid.


Claimant tripped over a box of paper left on the floor causing

twisting of right knee.

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HOWDO

WE DO THIS?

Organizational Structure

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Study Issues & Create Solutions in the Form of Recommendations to the JIF Board

Committees

JIF Member Board

Finance Safety Claims Strategic Planning Coverage

Members Vendors

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Auto Liability: $20,000,000Boiler & Machinery: $125,000,000Crime: $500,000

UAS/Drones: $20,000,000Violent Malicious Acts: $8,000,000Workers' Compensation: Statutory

Cyber Liability: $15,000,000Disaster Management: $40,000,000

Educators Legal Liability: $20,000,000General Liability: $20,000,000Pollution Environmental (Mold): $12,000,000Property Liability: $175,000,000

Student Accident: $1,000,000 Base/$5,000,000 CAT (if applicable)

Terrorism/Sabotage: Varies by CoverageTULIP Special Event: $1,000,000

Lots of Coverage

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Deductible Deductible

Reinsurance Placement

Group Purchased Insurance Policies

Common Money Set Aside for Retention

Coverage Layers

ACCASBO JIF Budget Over Five Years

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12%

63%

25%

Reinsurance & Group

Purchased Insurances:

$13,361,199

Operating:$6,728,423

Retention:$33,841,035

ACCASBO JIF Retention Fund: Last Five Years

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Loss or Gain By Year 2014 through 2019(Budgeted Loss Funds Less Losses)

Cumulative Retained Earnings 2014 to 2019:

$6,232,7991,496,328

1,965,5521,907,214

829,915

33,790$0

$500,000

$1,000,000

$1,500,000

$2,000,000

2014-15 2015-16 2016-17 2017-18 2018-19

ACCASBO JIF Performance

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July 1, 1991 - June 30, 2019

Total Contribution/Premium: $171,664,260 100%

Current Surplus Retained: $9,075,216 6%

Surplus Returned to Date: $6,389,908 4%

Net Cost: $156,199,136 90%

Hard Work Must Be Rewarded

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• Claims Management• Safety Programs• Organizational Awareness and

Sensitivity to Risk

Internal Risk Management Team IS WORKING HARD

YOUR

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Performance AwardsJoe Smurlo, Finance Committee Chair

Egg Harbor City School District

FINANCIAL

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LOSS RATIO <90%

CERTIFICATE OF EXCELLENCEFor Maintaining a Loss Ratio Below 90%

$500 AWARD!And the Winners Are…

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Jackson TownshipMainland Regional Mullica Township

CONGRATULATIONS!

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LOSS RATIO <50%

CERTIFICATE OF EXCELLENCEFor Maintaining a Loss Ratio Below 50%

$1,000 AWARD!And the Winners Are…

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BrigantineEgg Harbor CityEgg Harbor Twp.Greater Egg HarborHammontonLower Cape May

Lower Twp.Middle Twp.

North WildwoodPitman

Somers Point

CONGRATULATIONS!

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5 YEAR LOSS RATIO <50%

CERTIFICATE OF EXCELLENCEFor Maintaining a Five Year Average

Loss Ratio Below 50%


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BrigantineEgg Harbor CityEgg Harbor Twp.Folsom

Lower Cape MayMiddle Twp.

North Wildwood

CONGRATULATIONS!

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10 YEAR LOSS RATIO <50%

CERTIFICATE OF EXCELLENCEFor Maintaining a Ten Year Average

Loss Ratio Below 50%


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BrigantineEgg Harbor City

FolsomNorth WildwoodWeymouth Twp.

CONGRATULATIONS!

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FINANCIAL PERFORMANCE AWARDS

MOST IMPROVED DISTRICT

$1,000 AWARD!And the Winner Is…

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CONGRATULATIONS!

Lower Township Elementary

Most Improved

Financial Performance Awards are Dependent on • How we react to claims when they happen, AND• What we do everyday to reduce the chances that

claims occur

Thank You and Congratulations!

When we do have claims, they begin within member districts with one person who is referred to as the

35District Claim Coordinator

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DISTRICT CLAIMS AWARDS

Prompt reporting of claims is one of the easiest ways to lower your total cost of risk.

The sooner we learn about the claim, the quicker we can engage in medical and disability

management.

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Prompt Reporting is KeyUsing the 0-3 day period as the baseline, the cost of a late reported claim is: 9% more if reported between 4-7 days20% more if reported between 1-2 weeks32% more if reported between 3-8 weeks72% more if reported at one month or later

If we had reported late by:

4-7 days $1,380,2151-2 weeks $3,067,1443-8 weeks $4,907,4301 mo. or later $11,041,718

Paid out in Workers Comp Claims in last

5 Years:

$18,620,753

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District Claim Coordinator Special Recognition

AVERAGE DAYS TO REPORT CLAIMS Between 1 and 3 Days

$500 AWARD!

And the Winners Are…

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Egg Harbor CityEgg Harbor Twp.Folsom Greater Egg HarborHamilton Twp.Hammonton

Jackson Twp.Linwood

Lower Cape May Reg.Mainland

Middle Twp.Pitman

Upper Twp.

CONGRATULATIONS!

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District Claim Coordinator Excellence Award

REPORTING CLAIMS Within 24 Hours$1,000 AWARD!


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BrigantineEstell ManorGalloway Twp.Lower Twp.

North WildwoodNorthfield

Weymouth Twp.

CONGRATULATIONS!

TO ALL DISTRICT CLAIMS COORDINATORS!

Thank You and Congratulations

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From How to Manage Claims to How to Avoid Them…

FOCUS ON SAFETY

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Recognition AwardsJohn Geitz & Jim Weber

Risk Assessment Services/JIF Safety Coordinator

SAFETY

Safety Must be Organizational

• Joint Commission: Healthcare leaders' failure to create safety culture can lead to adverse events

• NASA culture key to Columbia shuttle disaster• Why BP's failure to mention safety culture is a

problem• Fixing a Weak Safety Culture at General

Motors• Safety culture led to Amtrak derailment: NTSB• Something wrong with Boeing's safety culture

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Safety Includes:

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• Leadership Education & Training• Comprehensive Training Programs for all

Employees• Periodic Safety Newsletters• Safety Manual• Risk Management Seminars• On-Line Training through PublicSchoolWORKS

EDUCATION

Safety Includes:

• Safety Surveys• Accident Investigations• Playground Safety Evaluations• Safety Committee Assistance• IAQ/Mold Surveys• Floor Resistance Safety Testing• Traffic Flow Analyses• Noise Level Studies• Code Compliance Assistance

RISK MANAGEMENT SERVICES & ASSISTANCE

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In 2018-19:

Safety Facts

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262 Classes Conducted

5,853 People Trained

Since Inception: 3,909 Classes

Conducted88,598 People

Trained

Average Cost:$11.91 Per Employee

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• Program launched March of 1998• Nearly 70 courses have been developed• Available at a time and location convenient to YOU!• Savings to the districts of nearly $2.2 million

ALL INCLUDEDin the JIF Program

Safety Facts

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2018-19 SAFETY INCENTIVE PROGRAM

THREE AWARD LEVELS:Basic Criteria: 4 Winners

Elite: 3 WinnersElite II: 12 Winners

19 of 22 ACCASBO Districts Qualified…

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SAFETY INCENTIVE PROGRAM

BASIC AWARDLevel Winners

$750 AWARD!And the Winners Are…

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Estell ManorHammonton

Linwood Mainland

CONGRATULATIONS!

BASIC AWARD LEVEL WINNERS

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ELITE AWARDLevel Winners


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Greater Egg HarborLower Cape May Regional

Somers Point

CONGRATULATIONS!

ELITE AWARD LEVEL WINNERS

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ELITE II AWARDLevel Winners


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BrigantineEgg Harbor CityEgg Harbor Twp.

FolsomGalloway*Hamilton

ELITE II AWARD LEVEL WINNERS

Jackson Twp.Middle Twp.

Mullica Twp.*North Wildwood

PitmanWeymouth

CONGRATULATIONS!*1st Time

Qualifiers!

2018-19 SAFETY STAROf The Year

And the Winner Is…

2018-19 SAFETY STAROf The Year!

Michael CorradoHamilton Township

2018-19 SAFETY DISTRICTOf The Year


2018-19 SAFETY DISTRICTSOf The Year!

Egg Harbor Township Egg Harbor City

Brigantine - $6,250Egg Harbor City - $8,250Egg Harbor Township - $6,750Estell Manor - $1,750Folsom - $4,750Galloway - $2,750Greater Egg Harbor - $2,750Hamilton Township - $2,250Hammonton Township - $2,250Jackson Township - $2,750Linwood - $1,250Lower Cape May Regional - $3,750Lower Township - $3,000Mainland Regional - $1,750Middle Township - $4,250Mullica Township - $2,250North Wildwood - $6,250Northfield - $1,000Pitman - $3,250Somers Point - $2,250Upper Township - $500Weymouth Township - $4,250

COMBINED CASH AWARDS

2018-19

$74,250 TOTAL

GOOD NIGHT AND DRIVE SAFE!

All of the students, staff and communities we serve benefit from your dedication.

THANK YOU FOR JOINING US!

As you leave to go home, please accept a small token of our appreciation.

ACCASBO JIFDecember 3, 2019

ACCASBO JIFAtlantic & Cape May Counties Association of School Business Officials Joint Insurance Fund

THANK YOU!

ACCASBO JIF · 2019. 12. 17. · Total Incurred Value: $122,198. Income. Total Incurred Value:...

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